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Baltimore could face $100 million ‘structural deficit’ next year. Here’s what that means.

November 17, 2023

Budget advisers are warning that Baltimore could face a $100 million shortfall or worse next year — a financial position one official this week called among the most “precarious” he’s seen over his time with the city. The projection comes as escalated state dues for schools have put a squeeze on Baltimore’s budget sooner than city leaders anticipated, forcing the city to dip into $30 million of one-time funding just to pass a balanced budget in June.

Article Source: The Baltimore Banner

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